Oil processed in distillation towers is broadly okay for export, according to the new guidance document from the Commerce Department. But oils that are simply run through heater treaters are still ensnared by the 39-year-old ban on crude exports. More »

Ending the United States’ longstanding ban against most crude exports could lift oil prices inside the country while decreasing the cost of gasoline, according to a Government Accountability Office report released Monday. More »

Refiners opposed to oil exports said Thursday they have more than enough plants and equipment to swallow up all of the light, sweet crude flowing out of U.S. wells, countering the chief argument of oil producers hoping for a new era of overseas sales. More »

Daniel Yergin, an oil and gas expert whose 1990 book “The Prize” is still considered required reading for anyone who wants to understand the industry, on Wednesday won government recognition for helping to illuminate the mysteries of energy policies, politics and production. More »

Seven years after the state-owned oil company of the world’s leading crude producing country began its march into petrochemicals, Saudi Aramco now stands to become a key player in global chemicals production, according to a new study by Houston-based energy analysts IHS. More »

Delta Air Lines’ top fuel executive on Tuesday made an impassioned argument against ending the longstanding ban on exporting crude, saying the proposed trade policy change would fatten oil producers’ bottom lines while hurting domestic refiners and consumers. More »

The boom has been most generous to companies working in states with the most oil and gas activity, but the economic boost has also trickled down to steel-makers and machine tool manufacturers based in regions with no production, the report said. More »

It will take a “train wreck” of falling prices, declining oil production and idle drilling rigs before the United States lifts its longstanding ban on exporting crude, Rice University economist Kenneth Medlock predicted Wednesday. More »

Advertisement

About Fuel Fix

FuelFix.com is your daily must-read source for news and analysis on the energy business. Anchored by business reporters at the Houston Chronicle and other Hearst newspapers, FuelFix incorporates blogs by energy experts, market updates, useful data and a real-time summary of the top ideas, hottest stories and latest news.